And that's great news, since every month that passes without massive fluctuations in the housing market is a step closer to stability.
The seasonally-adjusted Case Shiller Home Price Index hit 145.87 in December, up from 145.4 in November. The seasonal adjusted Case Shiller index has risen steadily for the last seven months, starting its slow rise from 140.83 in May.

That shows that the housing market is continuing to solidify, shaking off some of the frenetic activity of the housing boom and the bust that followed. "The pace of deterioration has stabilized for now," says David M. Blitzer, Chairman of the Index Committee at Standard & Poor's.

However, take away the seasonal adjustment and the Case Shiller Index fell to 145.9 in December from 146.25 in November. The unadjusted Case Shiller has been falling since September from 146.71.